Friday, 18 August 2017

Sensex Ends Over 250 pts Lower Post Sikka’s Rresignation Nifty Below 9850

Posted by suhani varma on Friday, August 18, 2017 with No comments
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Dragged largely by a weak day of trade on Infosys, benchmark indices ended the session and the week on a negative note, with the Nifty snapping 9900-mark.The Sensex closed down 270.78 points at 31524.68, while the Nifty ended lower by 66.75 points at 9837.40. The market breadth was negative as 1,003 shares advanced, against a decline of 1,527 shares, while 124 shares were unchanged.

IT stocks fell the most, followed by pharmaceuticals, which also witnessed some weak movements. Midcaps, on the other hand, cut a good chunk of its losses, while OMCs and FMCG gained. HUL, Bharti Airtel and BPCL gained the most on both indices, while Infosys and Sun Pharma lost the most.

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